Proton Power Regulatory News (PPS)



Regulatory News for Proton Power (PPS)


Share Price: 1.875Bid: 2.00Ask: 2.25Change: -0.25 (-11.76%)Faller - Proton Power
Spread: 0.25Spread as %: 12.50%Open: 2.125High: 2.10Low: 2.10Yesterday’s Close: 2.125





Grant of Options

Thu, 22nd Dec 2011 10:11

RNS Number : 4898U
Proton Power Systems PLC
22 December 2011
 

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Press Release

22 December 2011

 

Proton Power Systems plc

 

("Proton Power" or the "Company")

Grant of options

Proton Power (AIM: PPS), the designer, developer and producer of fuel cells and fuel cell electric hybrid systems, announces that it has today granted options over ordinary shares in the capital of the Company, at an exercise price of 3 pence per share, to the following directors of the Company:

 

Director

No. of options

Resultant options held




Thomas Melczer - Business Development Director

5,000,000

7,500,000

John Wall - Chairman

4,000,000

6,000,000

Achim Loecher - Finance Director

2,300,000

3,450,000

Helmut Gierse - Non-executive director

1,500,000

2,250,000

 

The options granted are exercisable in the event an offer on a change of control is accepted by the company in accordance with the option scheme rules (paragraphs 22.1 and 22.1.1.).

 

Save for the above, the directors' beneficial interests remain unchanged and as previously announced.

- Ends -

For further information:

Proton Power Systems plc


John Wall, Chairman

Tel: +44 (0) 7802 917 615

Achim Loecher, FD

Tel: +49 (0) 89 127 626 550


www.protonpowersystems.com

 

 

Arbuthnot Securities Limited

Nomad and joint broker


Antonio Bossi / Tom Griffiths

Tel: +44 (0) 20 7012 2000


www.arbuthnotsecurities.co.uk

 

Allenby Capital Limited

Joint broker


Nick Athanas / James Reeve

Tel: +44 (0) 20 3328 5656


www.allenbycapital.com

 

Media enquiries:

Abchurch Communications Limited


Henry Harrison-Topham / Jamie Hooper

Tel: +44 (0) 20 7398 7719

Jamie.hooper@abchurch-group.com

www.abchurch-group.com

 


This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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